Why some people reject cars when they are drawn in a savings plan

Although it is assumed that a person enters a 0km savings plan to enjoy a new vehicle, the truth is that many people who are being drawn are rejecting the withdrawal of the units due to the high costs of patenting.

According to the data of Scope, sales continue to fall between 25% and 30%, so far in September, but one of the segments that falls most is the savings plans.

In those cases, the cars can be obtained by bidding or drawing, but the complex situation does not allow many people to put money to tender and they can not withdraw the cars because the increase in recent months in some cases exceeded 100%. From the hand of that rise, the patent costs went off.

Today the expenses are several and consider freight, patenting and Stamp Tax, which is equivalent to 7% -minimum- of the total value of the car if you buy it directly. In the savings plans, in addition, you have to pay the right of adjudication that is 1% plus VAT, in addition to the expenses if you want to change the model.

In addition, if that were not enough, if they are drawn and are not yet in the 24th installment, they must pay the difference to reach that amount.

Hence, the numbers of the sector are very bad and in the first eight months of the year compared to 2018 the decline in income of automakers goes from 12% in the best case to 66% at the other end.

The savings plan market came to represent more than 25% of operations, although now it is constantly falling.

The billing data by terminal in the January-August 2019 section against the same period of the previous year:

– Chevrolet -66%

– Peugeot -60%

– Fiat -58%

– Renault -51%

– Ford -48%

– Volkswagen -22%

– Toyota -12%